The Australian SGL System: A Community Balance Sheet Analysis

16 Pages Posted: 9 Oct 2020

See all articles by John R. Evans

John R. Evans

Centre for Analysis of Complex Financial Systems

Abdul Razeed

The University of Sydney

Date Written: August 21, 2020

Abstract

The Australian SGL system impacts many aspects of Australians’ well-being through reduced wages to fund the SGL contributions, an enhanced retirement standard of living, government costs of the Age Pension system, employment in the financial services industry and providing a pool of capital for the Australian economy. The paper argues that in balance, taking into account both qualitative and quantitative analysis, the SGL system has a negative impact on Australians’ well-being, and suggests alternative structures that would at least neutralize the current negative impact and possibly enhance it.

Keywords: SGL System, Retirement Standard of Living, Pre-Retirement Standard of Living, Income and Wealth Inequality

JEL Classification: D1, D6, G2, G5, H2

Suggested Citation

Evans, John R. and Razeed, Abdul, The Australian SGL System: A Community Balance Sheet Analysis (August 21, 2020). Available at SSRN: https://ssrn.com/abstract=3678364 or http://dx.doi.org/10.2139/ssrn.3678364

John R. Evans (Contact Author)

Centre for Analysis of Complex Financial Systems ( email )

PO Box 363
Summer Hill, 2130
Australia

Abdul Razeed

The University of Sydney ( email )

University of Sydney
Sydney, NSW 2006
Australia

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